104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB2761 Introduced , by Rep. Kimberly Du Buclet SYNOPSIS AS INTRODUCED: 230 ILCS 45/25-47 new Amends the Sports Wagering Act. Provides that, if a public entity that owns a sports facility does not apply for a master sports wagering license, a professional sports team that (i) plays the majority of its home contests at the sports facility and (ii) has received written authorization from the public entity may apply to the Illinois Gaming Board for a master sports wagering license in place of the public entity and shall be deemed to be a sports facility for the purposes of the Act. Requires a professional sports team granted a license under the provisions to operate through a designee. Sets the initial license fee for a master sports wagering license for a professional sports team at $1,000,000, but adjusts the amount 12 months after the professional sports team licensee begins sportsbook operations based on 5% of its handle from the first 12 months of sportsbook operations. Provides that the master sports wagering license is valid for 4 years. Allows the Board to adopt rules necessary to implement the provisions. LRB104 08476 LNS 18528 b A BILL FOR 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB2761 Introduced , by Rep. Kimberly Du Buclet SYNOPSIS AS INTRODUCED: 230 ILCS 45/25-47 new 230 ILCS 45/25-47 new Amends the Sports Wagering Act. Provides that, if a public entity that owns a sports facility does not apply for a master sports wagering license, a professional sports team that (i) plays the majority of its home contests at the sports facility and (ii) has received written authorization from the public entity may apply to the Illinois Gaming Board for a master sports wagering license in place of the public entity and shall be deemed to be a sports facility for the purposes of the Act. Requires a professional sports team granted a license under the provisions to operate through a designee. Sets the initial license fee for a master sports wagering license for a professional sports team at $1,000,000, but adjusts the amount 12 months after the professional sports team licensee begins sportsbook operations based on 5% of its handle from the first 12 months of sportsbook operations. Provides that the master sports wagering license is valid for 4 years. Allows the Board to adopt rules necessary to implement the provisions. LRB104 08476 LNS 18528 b LRB104 08476 LNS 18528 b A BILL FOR
104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB2761 Introduced , by Rep. Kimberly Du Buclet SYNOPSIS AS INTRODUCED:
230 ILCS 45/25-47 new 230 ILCS 45/25-47 new
230 ILCS 45/25-47 new
Amends the Sports Wagering Act. Provides that, if a public entity that owns a sports facility does not apply for a master sports wagering license, a professional sports team that (i) plays the majority of its home contests at the sports facility and (ii) has received written authorization from the public entity may apply to the Illinois Gaming Board for a master sports wagering license in place of the public entity and shall be deemed to be a sports facility for the purposes of the Act. Requires a professional sports team granted a license under the provisions to operate through a designee. Sets the initial license fee for a master sports wagering license for a professional sports team at $1,000,000, but adjusts the amount 12 months after the professional sports team licensee begins sportsbook operations based on 5% of its handle from the first 12 months of sportsbook operations. Provides that the master sports wagering license is valid for 4 years. Allows the Board to adopt rules necessary to implement the provisions.
LRB104 08476 LNS 18528 b LRB104 08476 LNS 18528 b
LRB104 08476 LNS 18528 b
A BILL FOR
HB2761LRB104 08476 LNS 18528 b HB2761 LRB104 08476 LNS 18528 b
HB2761 LRB104 08476 LNS 18528 b
1 AN ACT concerning gaming.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Sports Wagering Act is amended by adding
5 Section 25-47 as follows:
6 (230 ILCS 45/25-47 new)
7 Sec. 25-47. Master sports wagering licensee issued to a
8 professional sports team.
9 (a) If a public entity that owns a sports facility does not
10 apply for a master sports wagering license, a professional
11 sports team that (i) plays the majority of its home contests at
12 the sports facility and (ii) has received written
13 authorization from the public entity may apply to the Board
14 for a master sports wagering license in place of the public
15 entity and shall be deemed to be a sports facility for the
16 purposes of this Act. A professional sports team granted a
17 license under this Section must operate through a designee, as
18 defined in subsection (a) of Section 25-40, and the designee
19 shall be treated as the owner of the sports facility for all
20 purposes under this Act or any rules adopted under the Act.
21 (b) The initial license fee for a master sports wagering
22 license for a professional sports team under this Section is
23 $1,000,000, but the amount shall be adjusted 12 months after
104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB2761 Introduced , by Rep. Kimberly Du Buclet SYNOPSIS AS INTRODUCED:
230 ILCS 45/25-47 new 230 ILCS 45/25-47 new
230 ILCS 45/25-47 new
Amends the Sports Wagering Act. Provides that, if a public entity that owns a sports facility does not apply for a master sports wagering license, a professional sports team that (i) plays the majority of its home contests at the sports facility and (ii) has received written authorization from the public entity may apply to the Illinois Gaming Board for a master sports wagering license in place of the public entity and shall be deemed to be a sports facility for the purposes of the Act. Requires a professional sports team granted a license under the provisions to operate through a designee. Sets the initial license fee for a master sports wagering license for a professional sports team at $1,000,000, but adjusts the amount 12 months after the professional sports team licensee begins sportsbook operations based on 5% of its handle from the first 12 months of sportsbook operations. Provides that the master sports wagering license is valid for 4 years. Allows the Board to adopt rules necessary to implement the provisions.
LRB104 08476 LNS 18528 b LRB104 08476 LNS 18528 b
LRB104 08476 LNS 18528 b
A BILL FOR
230 ILCS 45/25-47 new
LRB104 08476 LNS 18528 b
HB2761 LRB104 08476 LNS 18528 b
HB2761- 2 -LRB104 08476 LNS 18528 b HB2761 - 2 - LRB104 08476 LNS 18528 b
HB2761 - 2 - LRB104 08476 LNS 18528 b
HB2761 - 2 - LRB104 08476 LNS 18528 b